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20131101
20131130
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CNBC 257
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English 257
Search Results 0 to 49 of about 257 (some duplicates have been removed)
CNBC
Nov 28, 2013 4:00pm EST
popcorn, a multimillion-dollar popcorn business with a huge disney contract. the problem is they don't have any real profits to show for it. you guys are in trouble. the balance sheet is hundreds of thousands of dollars wrong. mismanagement and sloppy accounting have forced the owner to ask her mother to take out a second mortgage on her home just to keep the doors open. obviously, you used the petty cash to buy lottery tickets. >> i did. >> the product is great, and if i can get sharla to listen long enough, i'll turn this unfocused organization into a national brand. my name is marcus lemonis, and i fix failing businesses. if you think that i can launch you in a direction to make you a profit, then you should do a deal with me. i make tough decisions... how am i supposed to trust you? and back them up with my own cash. it's not always pretty. i have to know for sure that the partner that i have has the same goals as i do. this is business. i do it to save jobs, and i do it to make money. this the profit. [hip-hop music] ♪ sharla mcbride started planet popcorn with a single cart a
CNBC
Nov 28, 2013 6:00pm EST
try to improve the owner and employee relationship before it's too late. >> i don't have to ask him time and time and time and time again! he doesn't care! >> my name is marcus lemonis, and i fix failing businesses. i make tough decisions... i will not do it if you're managing the people. and back them up with my own cash. it's not always pretty... first time you ever emptied out poop? but this is business. i do it to save jobs, and i do it to make money. this is the profit. la dogworks is an upscale dog boarding facility located in the heart of hollywood, california. >> you're stinky dogs. >> founded by andrew rosenthal in 2004, this 24-hour full service center with 36 employees has everything from grooming to training... >> sit. >> in a state-of-the-art indoor dog park. this business generates $1.3 million a year, but recently, their numbers have started to tumble. sloppy business practices... >> i don't want to waste your time, and please don't waste mine. >> together with lax management... >> there's inventory missing? >> well, you know, it's hard to tell, because stuff slips th
CNBC
Nov 28, 2013 3:00pm EST
. if they don't make changes, this 47-year-old family business will be forced to close its doors. this business is a total mess. i'm fighting against time to light a fire under these people... this is the thing that will help us go from the red to the black in one month. before this business crumbles and dozens of employees are out on the street. you don't know how to manage this place. >> well...[blathers] >> my name is marcus lemonis, and i fix failing businesses. i want 25%. you're gonna make a decision now. i make tough decisions... you're being demoted. back them up with my own cash. it's not always pretty. get your ass back here right now. this is business. i do it to save jobs, and i do it to make money. this is the profit. [upbeat music] ♪ jacob maarse florists is a pasadena institution. for 52 years he was the go-to florist. the business made millions supplying flowers for presidential inaugurations, celebrity events, and the annual rose bowl parade. when jacob died in 2010, his son hank took over the business. it's been a very tough transition. hank has struggled to lead. >> there'l
CNBC
Nov 28, 2013 5:00pm EST
, robin. if they don't listen... i'm saying "no." this company will close its doors. my name is marcus lemonis, and i fix failing businesses. i'm willing to write a "half a million dollar" check. i make tough decisions. i'm not willing to do the deal if you're in charge of sales. back them up with my own cash. it's not always pretty. i'll take the shower. jen, you take the toilet. >> i don't do the toilet in my own house. really? >> but this is business. i do it to save jobs, and i do it to make money. this the profit. [upbeat music] ♪ eco-me is an all-natural cleaning product started by robin kay levine in 2006. with the partnership of her childhood friend jen mihajlov, a 12% owner, they built eco-me up from a small, do-it-yourself cleaning kit to a 17-piece cleaning line, including dog-grooming products. this product is sold nationwide at stores like whole foods and target, and last year they did a half a million dollars in sales, with only six employees. i personally use this product in my own home and find that it works extremely well. to stay in business, robin has leveraged fri
CNBC
Nov 12, 2013 5:00pm EST
a lot of money left on the table. you hope when those folks do take the bunk you don't see an immediate correction. not enough people have actually participated. let's hope that's not the case about the next bull market. we were mixed today with the dow jones down a fraction. thanks to everyone here for having us at their impact conference. fast money begins right now. >>> live from the nasdaq market site in new york city's times square, this is "fast money," america's post market show. here is tonight's line up, tesla ceo speaking out saying the stock is a good deal where it is. should investors take his advise? and we will introduce you to the man apologizing to america. plus we have got a money manager who says there are two once in a generation opportunities right now. our traders are tonight are with us. let's get straight to our top story and that is tesla. ceo said moments ago that there will be no recall of the model s despite three recent buyers. he also had this to say about the valuation of the stock. >> long term the value of the company will be well in excess o
CNBC
Nov 13, 2013 6:00am EST
that little electric dance for us? i don't know -- >> i'm not sure why we were playing eye it's electric" but you can't help but get that awful dance out of your head. anybody that has been to a wedding in the last 15 years has seen that. >> weddings, anyway, we have some corporate news to get you caught up on this morning. you're not going to believe this one. the group includes holders of more than half of the $34.6 billion of preferred sars in the company. the plan reportedly being pitched as a way to bring tens of billions of dollars of private capital back into the capital. treasury has controlled fannie and freddie, of course, for the last five years. >>> johnson & johnson agreed to what could be a $4 billion settlement over hip implants. the deal could include thousands injured. a tentative plan must win court approval. >>> starbucks will be paying kraft food nearly $278 billion after it ended the grocery deal early. it includes damages and legal fees. mondalieze will receive all proceeds from the starbucks/kraft dispute. >> it seems like a lot of money. >> and don't forget, starb
CNBC
Nov 27, 2013 6:00pm EST
gobble, i'm giving you pilgrim's pride to buy. >> oh my godness. >> don't give him any more of the good stuff. after the first wine. don't give them any more of the good stuff. >> happy thanksgiving. mad money starts right now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to mad money. other people want to make friends. i'm just trying to make you a little money. call me at 1-800-743-cnbc. today, i want to talk to you about the big picture. building wealth in general. stocks are just one part, absolutely the most important one, but still just one part of building real wealth. not just living off your paycheck. there's some people, call them the 1%, if you want, who can make enough from their day-to-day income to become truly rich, but for the vast majority of americans, it's simply not enough to get wrou there. you need to hold medic. if you keep watching, i'm going to tell you how to do just that for
CNBC
Nov 1, 2013 6:00am EDT
states and around the world. but it's a matter of our clients are a little bit more cautious. but i don't know that this quarter or next quarter that you'll see any effect on our business materially. >> and stores products retailer container store, they raised $225 million. the ipo was priced at $18 a share, the top end of its increased price range. stairs are set to start trading on the new york stock exchange today under the symbol tcs. >>> microsoft co-founder paul allen's fund is suggesting microsoft spin off its consumer business. this is big news. the man who manages allen's fortune is now suggesting that microsoft search and xbox business res deextracting from the software business which drives earnings. so i mean, paul allen and bill gates, i don't think they're -- they've been spending@of time together these days, anyway, joe. >> no. and the roys. these guys found or fund companies, whatever it is, they don't -- i don't know, over the years, things happen. i think we'll always be together. >> we'll always be together. >> i saw a picture of gates on the ft today. interesting. wh
CNBC
Nov 6, 2013 7:00pm EST
for years. it's not a bubble. i don't think the bull cycle is over. by the way, stocks today closed at new all-time highs. the dow up another 128 points. also this evening evening, president obama wrapping up yet another pep rally, cheerleading obama care and probably defending his falsehoods. this time he's in texas. we'll get the reaction from lieutenant governor from that state and perhaps an escape hatch from obama care you need to know about. >>> chris christie gets the really big wins he was hoping for in new jersey. dick morris joining us live this evening. the "the kudlow report," we begin right now. good evening, i'm larry kudlow, this is "the kudlow report." we're live here at 7 p.m. eastern/4 p.m. pacific. the twitter ipo will start trading tomorrow. kayla joins us now. good evening. what have you got. >> it came together before we came on air for "the kudlow report." twitter pricing at $26 per share. it's above the price range, above the increased range when they said they would raise between $23 to $25 for the shares selling to the public. $26 above even that heightened range.
CNBC
Nov 12, 2013 7:00pm EST
, chris ready. james, good to see you. clinton as usual has the story completely right. what i don't get, you're a clinton guy, what i don't get is obama says jay carney says they understand they will help but they are not doing anything. there's a lot of legislative proposals, as you know, from democrats and clinton -- i mean obama is not supporting them. why? >> first of all he said as jay carney correctly pointed out he told chuck todd on msnbc he would try to keep these people in. understand this is only if you have insurance in the private market, this is only under certain circumstances that this applies. who knows. they may be able to figure a way for these people to keep it. it's not going to apply to whole lot of people anyway. obama has said the same things along the same line that president clinton has. >> i don't know. let me bring chris ruddy in. chris, first of all, bill clinton didn't hedge. bill clinton didn't say if it's the right plan or if it meets regulations. bill clinton said you should keep your promise even if it requires new law. he was very direct and very blunt
CNBC
Nov 4, 2013 7:00pm EST
people, gee, you can't have that health insurance plan you don't want. now there's someone running in my distinct in virginia for the house of delegates. she's decided, well, doctors probably will have to be forced to accept medicaid patients because that will be necessary to make the system work. and i think people are seeing the kind of intrusiveness and coerciveness as well as the wastefulness of it and saying no way. >> and losing your doctor. i put it bluntly. the liberal entitlement state dream is crumbling before our eyes. okay? that's the way i look at it. and ari, i'll take it to you because i think as bill kristol suggested, i think this has tremendous political ramifications that even obama may not yet fully understand. >> well, we could test some of those tomorrow. virginia is a race where you've had republicans try to run on obama care. it's a state that's traditionally leaned to the right. but i think the democrats are looking very strongly in there. we'll see what happens. in new jersey, chris christie is seen as a moderate by some, and he has participated in aspects of th
CNBC
Nov 28, 2013 2:00pm EST
millions of dollars of my own money. if you don't know your numbers, you just don't know your business. i'll work by their side... i'll put in the hours... 'cause i have the same risk that they do. where's accounting? >> she's counting. >> no, where's accounting? >> um... >> oh, my god. this business is a total mess. i judge businesses based on three things: it's pretty damn good. most often, businesses fail because of people. >> i trusted people to manage. >> that's not fair-- >> what are you talking about? >> don't you even go there. >> i'm not going anywhere. >> you're strangling things. >> back up. >> i'm there to lead, but if they don't follow, this business doesn't make it. you're a thief and a liar and a cheater. >> you didn't do what you promised. >> get out of my face. all i hear is a bunch of noise. >> [crying] i don't want to lose my company. >> i'll make the tough decisions they won't. you're being demoted. anything to turn these unsuccessful businesses around. >> what the [bleep] is your problem? >> that people don't [bleep] want to do it anymore. >> are you challenging me? >
CNBC
Nov 6, 2013 6:00am EST
beating the street. joe, over to you, sir. >> andrew, i don't -- 21st century fox. i think that's a mistake. you know -- >> you know, i thought it was, but -- >> how can -- it's 20th. is it a different company? >> it's outdated. >> is it a different company? >> no. >> this is the staple at 20th century fox? what is this, y2k? >> remember conan o'brien, in the year 2000 -- >> i know you don't like change. >> 21st century is a clothing store in new york, isn't it? >> century 21. >> it's a cheap clothing store. but i like it. that's where i go. >> just because the date rupert? >> yeah, i believe it was. >> i think they took a poll of the staff, either senior management or the whole place. >> and they said change it to -- >> yep. 20th century was so backwards. >> so i'm going to have to go through this again? >> in a hundred years? >> yeah. >> if you're still living -- >> i'm on the grid and i'm a cyborg. and becky changed her twitter name. yes. >>@joekernanshair is available. how do we know anthony weiner really didn't get -- you don't know whether that's his thing. you got caught.
CNBC
Nov 7, 2013 7:00pm EST
when he said here's what i really meant and went on blah, blah, blah. i don't see that the president gets how important politically that was. >> we may have different definitions of apologies. maybe it's a partisan thing. i don't know. i thought an apology is when you say i'm sorry. i watch that had clip and i thought i heard him say i'm sorry. >> i thought he said he was sorry that people didn't understand what he was saying. and sorry that he may not have explained it right. i didn't hear him really say i'm sorry that i said i'd let you keep your insurance and your doctor and we went back on our word. i didn't hear that. i did hear the word sorry, i'll grant you that, but i thought it was a rather sorry performance. >> i think they might feel sorry coming next year because the beggar problems are yet to come. the small group plans got an extension because they renewed off cycle. so they won't start getting dropped until closer to the end of 2014. but i think the biggest problem is people will enroll and try to use the coverage and nip who was previously insured and now on an obama
CNBC
Nov 20, 2013 7:00pm EST
when it comes to how the insurance markets work? i don't get these guys. >> join the crowd. i get that, too. no quarterback. brad, let me go to you, congressman. yesterday we had these revelations from mr. chow, from the hhs. he says 30 to 40% of the website is not brok is not built. specifically the back payments and the purchasing. my question is even if you got renewals, bob says you have to get it in by the first half of december, how are they going to work this through if you can't pay for it and connect the website to the insurance company? that's the part i don't get. >> that's the big question, right? we can't turn back time and wish it was another day before this all started taking place. people are prepared for this for three years at least on the provider end and people in the insurance business that planned for this for three years and now it's falling oo part because it's not ready. this is an extremely difficult time. the number one diagnoses will be anxiety and stress. this is really a big problem. each day the dominos keep falling. they also see how the rules have chang
CNBC
Nov 28, 2013 7:00pm EST
, but richard always plays it safe, and that creates tension. >> it's not 75. just get-- >> don't mince my words. i hate that. >> i believe that mr. green tea can be a $50-million company. they need to be bold, and they need to take chances. they haven't launched new flavors in over a decade, and they're still not well-situated in the retail market. the ice cream business generates well over $10 billion a year. i want a taste of it. >> hello. >> hi. >> hi. >> i'm marcus. >> hi, marcus, nice to meet you. i'm lori. >> nice to meet you. are you lori--are you mom? >> i'm mom. >> i wore green because i wanted to-- >> you're gonna fit right in. >> i wore green. >> [laughs] >> i'd love to meet everybody. >> would you like to meet--sure, come on in. >> yeah, that'd be great. >> this is marcus. >> hey, guys. >> hi. >> how are you? i'm marcus. >> this is dick, dick's our operations manager. >> i'm dick, nice to meet you. >> this is my son, michael. >> nice to meet you, mike. >> nice to meet you. >> and my husband, rich. >> hi, marcus. very nice to meet you. >> how are you? it's nice to meet you. >> heard
CNBC
Nov 27, 2013 11:00pm EST
. three things you must take care of first. i don't usually address these subjects. sometimes, i feel remiss that i'm not mentioning them more. we don't teach financial literacy in high school in this country and few colleges will teach you a thing about how to manage your finances, although you might learn a ton of stuff about english literature or marxism. this is one of the reasons i wrote, so you can have a personal finance foundation you need to invest in the market. one of the three things you must do before you own a stock, first, this is going to sound boring and it just sucks the life out of everything, but you need to hear it. if you have to, you've got do pay off all of your credit card debt. i like to be as entertaining as possible. i still see people who have it. i'm not one of those zealots who say your credit cards should be cut up or that credit card companies are evil. like a lot of the companies that recommend but the facts are these. if you have credit card debt, you are playing an extraordinarily high interest rate on that to the credit card company. we're talking
CNBC
Nov 13, 2013 7:00pm EST
of the quality -- >> the worst. >> the best doctors don't go near it, is that fair? >> that's absolutely fair. >> these people are going to be ma maltreated. >> it won't collapse. you'll have expanded medicaid. a shrunken exchange that works for poor people and sicker people. it will limp along. >> bob, let me just dispose of the numbers. the numbers look disastrous. are people expecting these numbers to just continue disastro disastrous. >> the numbers have changed in terms of the number of enrollments insurance companies are getting. let me put the numbers in another context for you. 27,000 people in 36 states is 25 people per day per state. in the state of florida and the state of ohio, that's 1 person per hour per day in florida signing up for healthcare.gov. i think one of the incredible stories here that's just not being focused on and reported is how cynical this administration is to tell people to keep try g trying. goodness, they have known these numbers. they knew one person in florida or georgia was getting through and they told them to keep trying. sebelius is kind of like a bagh
CNBC
Nov 14, 2013 6:00am EST
's not usually just cisco. is it just cisco in this case? >> no, i don't think so. we saw some bad emerging markets news out of ibm last month. >> i thought that was ibm. didn't you? >> yeah, well, i don't know. china was a big part of that. other emerging markets were looking bad. it didn't necessarily seem like it was just an ibm issue. and i think chambers is underscoring that saying, we saw some ibm and we're going to see it from a lot more -- not everybody, but a lot more. >> we worry about revenue not growing enough. in this case, is revenue actually year over year declining? >> yeah, yeah. >> that's bad. >> analysts have been looking for an uptick of 4% in the fiscal q2, which is the quarter from a year ago. and cisco's guidance is down 8% to 10%. >> that's pretty staggering. >> because not only were the top five emerging markets down 25%, but the declines were accelerating towards the end of the quarter. so this is kind of -- >> what about the tapering? because if you think about all those emerging markets, they were impacted. >> it's the idea -- >> the concept. >> well, that was th
CNBC
Nov 19, 2013 7:00pm EST
his tenure. and made a big change in that. that's helped the policy he believes. >> don't you think he's screwed up the forward guidance in the last go around? everyone expected a tapering down of the bond purchases? >> i agree with you. are we talking about this now or later? >> let's do it now. i don't get to visit with you enough and i love you and i want to visit with you. >> i'm giving him a lower grade because of what happened in june and september. i agree with you complete he. i thinks he done a lot of bold stuff and i think what's done a lot of enkninnovative things bu grade is a "b." there's my "b." because the june and the september messups, i don't think he's go at this communication thing right. i applaud what he's done on transparency. i think the quantitative easing given what happened on the fiscal side had to continue. but i think at the end of the day, he needed to do better on the communications to get it right. >> very amusing. i give him a "b." >> drum roll? >> a little different reasoning but we come out the same. i thought he was fantastic during the crisis of 20
CNBC
Nov 4, 2013 6:00am EST
? >> a boomer what? >> boomer -- >> boomer esiason. he wasn't that fast, i don't think. they say it best exhibited the adaptive alacrity of a koala. >> must be an australian thing. >> without being anywhere near as cute as the koala. that's interesting. >> boomer may refer to animals, fictional characters, comics, video games. >> doesn't explain it. >> that's a large male kangaroo. >> that's what we were just told. large male kangaroo. so it doesn't have a pouch then? not all kangaroos have pouches? >> i guess you wouldn't need one if you were male, right? >> unless it was like vestigal. >> if you're male, i don't think you have one? >> i don't think so. unfortunately some of us humans -- you know. we're not carrying babies in our pouch. fisher -- mine's less than it was. you have nothing. fisher will vote next year on the fomz. he wasn't a voting member this year. meantime, one of this year's voting members, yes, jim bullard will join us on set at 7:00 for two hours and we may -- he may be a little different in tone and substance than plausser we talked to on friday. >> they're both haw
CNBC
Nov 8, 2013 7:00pm EST
an expanding economy. but with unemployment at 7.3% and inflation at less than 1%, i really don't believe that the fed is going to rein in bond buying for many, many months. but we'll debate that proposition later in the show. >>> plus, now he's sorry? five weeks into the obama care debacle and in an exclusive nbc interview yesterday, the president had this message for the millions who received insurance plan pink slips. was he sincere? you be the judge. >> i am sorry that they are finding themselves in this situation based on assurances they got from me. >> today, president obama changed the subject from obama care to the economy. interestingly, he had a good section on corporate tax reform. you know what? i love it. but will he really push for it? >>> and is the republican party in better shape than you think? following chris christie's commanding blue state victory, a series of polls shows the gop could be poised for more big wins in 2014. all that and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." w
CNBC
Nov 5, 2013 6:00pm EST
lee. see you tomorrow at 5:00. don't go go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to save you a little money. my job is not just to entertain but to educate and teach you. so call me 1-800-743-cnbc. where can we find the best growth right here right now? isn't that the be all and end all behind so much of we're looking for in the stock market? including today when the dow sank 21 points. nasdaq advancedn .08%. it doesn't matter where we find growth. we always love it when we see it. tonight we hear from regeneron, not only has drugs that are making fortunes for shareholders right now, it also has drugs in the pipeline that could keep that growth going for many years to come. game changing medicines that are disrupting the market and crushing the competition. incl
CNBC
Nov 5, 2013 11:00pm EST
based on insider insights that the rest of us don't have will be giving their final order indications tonight to their brokers for how much stock they like. i can tell you from people i talked to that many large institutions are simply saying to goldman sachs, the keeper of the books for the deal. look, i do a lot of commission business and i'll take every share i can get. i want 10% of the deal. i want to circle 10% of the deal. that level of demand for a stock is pretty unprecedented, again with the exception of facebook. the reasoning is twofold. first is a good one. these institutional investors are very jazzed, they're excited about the possibility of owning shares in a company that's generated $620 million in revenue and super jazzed about the possibility of revenues increasing to about $1 billion the year after with double the profits. second, though, and this is what worries me about you. the big boys are betting that other less informed investors, people who use twitter and love it like me @jimcramer, people who don't know how to value the stock but just figure how can you go
CNBC
Nov 11, 2013 6:00am EST
is an icon already. >> is that what the word is derived from. >> i don't know. >> spelled differently. >> not the word icon. i wonder his name. not either. >>> in other corporate news, the government wants bank of america to pay nearly $864 million in damages after a federal jury found it liable for fraud over defective mortgages that were sold in this case by its countrywide unit. government's also asking for penalties against a former mid level executive at countrywide. the jury found her liable as well. and vc firm andreson horowicz has sold a third of their shares. the shares were sold between 49 and $50. that makes the sale worth more than $111 million. kind of interesting that they decided to do that. the firm still holds more than 4.5 million shares. >> what do you think about that? >> at some point he has to harvest some kind of gains about this. he's still on the board, right? he can't leave but he can't hang out -- he can't be in there all the time. >> you know, some people say it's never bad. stocks do go up and they do go down. >> i remember that barons commercial. the mar
CNBC
Nov 11, 2013 7:00pm EST
around but we don't. until we get that we won't. >> the business about early renewal program. you mentioned this on the air when we had that wonderful woman who was fighting cancer out in michigan. you gave her some pretty good advice the early renewal program. will obama allow them to extend to -- yeah extend out to 2014. would they allow that? >> right now many insurance companies in many states are allowing people who have received the cancellation letter to do what's called an early renewal. they changed their anniversary date to december 1, 2013. under obama care you don't have to comply with the obama rules in the individual market until the first anniversary after january 1, 2014. so they are suggesting people change their anniversary date to the latest as possible which is december 20, 2014. that way they get a one year reprieve. however not all states allow that. the state of california does not allow it. there are 1 million cancellation letters in the state of california. and the california insurance authority said we're not going to allow -- they said this before, the o
CNBC
Nov 12, 2013 6:00am EST
don't we take a look at the markets this morning. >> the big bang theory. >> right. >> let's take a look at the futures this morning. yesterday, you did see the dow closing up by about 21 points. s&p ended up by just over a point. this morning, the dow futures are indicated down by around 26 points. although we did see the markets closing, at least for the dow at an all-time high. the s&p 500 was almost at an all-time high. oil prices this morning are down by about 26 cents. you can see they're back close to 95 cents a barrel for wti. the ten-year note is yielding 2.782%. that yield continues to pick up. people are expecting, after friday's jobs report, tom, that the fed could taper sooner rather than later. that's what we've seen playing out here. >> yes. >> that's tom lee. he will be with us with more on the market. >> how much more do we have to do before we get to him? >> not much. take a look at the dollar, stronger against the euro. and gold prices this morning, at least right now, are barely down by about 80 cents. $ ,2080.30. >>> ross westgate is standing by in london. >>
CNBC
Nov 21, 2013 6:00am EST
in pies. kind of gross to me. >> i don't believe that's what the real organization was going to be. the question is, where is the jacket? your jacket. >> over there. >> why, though? you go on for the first time in the history of show over there without a jacket and you do it without comment? >> i do it without comment. >> can you tell me, what were you thinking? >> i didn't think the jacket was looking great. >> you are so vain. you didn't think this one looked as good as your other jackets -- >> can it you, this says more about you than about andrew. >> because i'm obsessed. you are obsessive compulsive. >> the first time in two years. >> i said to myself, i don't like this jacket and then i took it off and what was the end of that. >> that's how it happened. it is big news. by far. i'll tell you, the must read, i love the headlines. my favorite thing today is the very top story, very first headline in the journal the fed released policy minutes saying they do plan to stop bond buying. >> at some point. >> you said it was qe. >> so is it possible that there was a proposal on the t
CNBC
Nov 19, 2013 6:00pm EST
don't go anywhere. "mad money" with jim cramer starts right now. >> my mission is simple, to make you money. i'm here to level the playing feel for all investors. there's always a bull market somewhere and i promise to help you find it. ""mad money"" starts now! hey, i'm cramer. welcome to ""mad money."" welcome to cramerica. other people want to make friends, i want to make you money. my job is not to entertain you but to make you money. call me. 1-800-743-cnbc. today the dow slipped 9 points, nasdaq declined 44 percent. when the market is down, we always hear about the usual suspects. oh, maybe it's concerns about whether janet yellin the fed chief will consider tapering or not. why don't we blame obama care and people's fears for losing insurance. the walk grinch is stealing christmas. we are beginning to hear the next government shutdown will happen on schedule and this time it will be even worse. why don't we chill the cls climate down entirely? is there any wonder best buy or urban outfit, is talking about an unspeakably holiday season? then you go out to dream force. the celebr
CNBC
Nov 25, 2013 11:00pm EST
it for 5,000, 6,000, 7,000, i don't know, 10,000 points. who knows? there's a tremendous dearth of supply. the endless buybacks have taken up so much talk and i don't talk about it as much. they take a swing like i did in the fall of 1987 when people hated stocks so much. with that in mind let's consider the state of the dow jones average that blew it out. who blew it and who blew it out? okay. in other words, let's look at the disappointers and how they've done, because this shows you what i'm talking about, a silver lining bull market. perhaps the most disappointing stock in the dow. one that's got a lot of people down is caterpillar. here's one that's done absolutely nothing this quarter after missing the numbers and guiding down big time. whoa, doesn't it say something that the cat's done nothing instead of being crushed? caterpillar caught an upgrade from the bank of america and merrill based on a specious call about power systems. the cat's well behind the market and therefore makes for a terrific catch-up story and it will catch up despite the endless executioners and high inventor
CNBC
Nov 15, 2013 6:00am EST
. you know, he's got a lot of -- >> i don't know if it was warren or -- >> right. berkshire's move. because -- but, you know, i'm sure warren knows what's going on when almost $4 billion. but it's one of those -- it's a very liquid stock and it's a lot of money, but not a lot for a $400 billion company or whatever exxon is at this point. but it's sort of so solid and so blue chip and, you know, they're going to keep finding oil and gas and we're going to keep buying it from them and running things. and it's just like a buffett -- you know, you don't have to be too -- you don't have to think about it too much. how many ice scars can be find? he tries and goes all over the globe. reminds me of ibm. but i don't know, it seems like it's maybe a better move than ibm, more of a no-brainer almost. i like what yellen said, too. just one comment about that. she said we will continue to ensure a robust recovery with our actions. it's like the one you've been able to orchestrate for the past three or four years. now i know that -- >> arguing counterfactual. >> the counterfactual is there, but
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Nov 17, 2013 6:00am EST
this question all week, how am i trading the options versus stock here. i'm kind of nervous. lot of people don't think this that this stock is going to rocketed up. given mike's point to high and volatility, you would want to be a seller of it. it's a straight overwrite. it makes a lot of sense. i'm going to lay it out, with the stock at 44, you can send the december 49 crawl at a $1. you can make $5 in your stock between 44 and 49. if the stock is below 49, you have taken that dollar premium. you annualize that, that's 27% over the year. to me, i think this makes a lot of sense, this is the sort of stock where applied volatility is going to stay high. if you can do this systemically and look to roll out calls 10%, this is going to be profitable strategy. >> if you start overriding your stock position, you're long at 40, i don't know if i would go that far with the money. those at the money calls, you're discounting by how much you pay at that stock. by 10% or more every 90 days. you can really reduce where you're in the stock. but frankly, i think the upside is limited in the short term, i do
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Nov 4, 2013 3:00pm EST
it up? never. >> i don't want to give mine up. >> from my cold dead hands you'll take it. >> i did switch to the iphone, you the by still rely on my blackberry. isn't that amazing? >> absolutely. >> i have both but i wish i could keep it, really. at least they've got us. rooting for them. to stay strong. a new cnbc poll shows investors are not sold on twitter as a stock that is -- especially the young people who use twitter the most. we thought that was interesting. so, why did the company just dramatically increase its ipo pricing range today? take a closer look. ahead of the big deal coming to market this wooeleek. should you buy it when it comes to market thursday? >> google outraged it may have been spied upon by the nsa. but someone -- one of our guests is asking isn't that what google does to its users? is that a fair comparison so make? after all, google does have a user agreement. people accept it. nsa doesn't have a user agreement i know of but we have both sides of the issue coming up. >> fascinating, actually. let's check the markets as we approach the
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Nov 14, 2013 7:00pm EST
if they are in effect right now. but remember, many states and insurance companies don't want to do that. in fact, some of the biggest states have already said no to earlier proposals to extend some of these canceled policies into 2014. some states have barred -- that's a practice called early extension. many states have barred that. so, again, it's not clear that this is going to change a whole lot. it may change some policy availability for some people. but i do think it's more about politics than actually changing the policy. >> early renewal. thank you. i didn't know that. let me ask you follow up, next one, tomorrow is a vote on the fred upton bill that would allow people to keep their insurance and actually let new people go back and get the old insurance forever and then i'm going to ask you, after that vote, is there going to be a senate vote? it sort of all seems like a push comes to shove in the senate with the mary landrieu vote. do you think it will happen after today's obama news conference? >> i doubt it. this is one circumstance where gridlock is the president's friend. the prospect of a
CNBC
Nov 18, 2013 5:00pm EST
? he says i am not awarded. >> i think when he does come in, i don't want to speak for him. i don't think he's going to try to sell the top of the market. so, i don't think he is looking to necessarily ring the bell as karen said. he is waiting to see if the stars line up. >> he is taking a look at a very interesting chart which could tell us a little bit about where the markets go up. it talks about something called advancing volume. so this is net advancers minus the volume of the decliners if you think about these bars as resistance lines, each time we have kind of hit a higher hurdle. the small cap 600 and the mid cap 400. so it's a very diverse mix. the buyers are clearly in control and they are getting more embold ened, not less. and that's key. if you think about the major tops throughout history, they all occurred with a lot of stocks dropping off of the radar. continuing to plow away. and thankfully, we still have a lot. >> josh, explain to me what would signal to you the top. because so far, each move up has been quince dense with a move up in the market. what was it aga
CNBC
Nov 20, 2013 5:00pm EST
out saying we are bob marley. don't worry about a thing. there are too many people talking about the same things. that could time the market. >> i don't know who put that out. that could come back to haunt him putting that out. we said over the summer i didn't think there was a chance of tapering this year. proved to be correct. they had every opportunity to do it in september, set up perfectly. >> the government shutdown was coming. >> horse hockey. horse hockey. that was an excuse. board makes comments today. they're data dependant. only thing that matters is unemployment rate, ticked up to 7.8%. i don't have see anything coming soon before spring or summer. with that said, i thought 17.60 we trade down to this week. i think we'll get there. technically it's critical we close above that this week. >> karen. >> i'm a no woman no cry spot. i have no favor in that. one thing on the horizon is not so much tapering, it's december 13th. do we see any kind of positive movement in government? it's hard to be optimistic act that. maybe the fourth time that we give it a go, maybe that wo
CNBC
Nov 27, 2013 6:00am EST
entrances to the bridge. >> look at this team of people. >> don't worry, they did this to me one time. >> this is lovely. >> these people are going to come out and they're going to go, clear! did you finally go around? you went through the lincoln tunnel? >> no, we didn't. we went around the whole round about. >> you had to come across the bridge, though. >> we came across the bridge, yes. >> finally came across the gw. >> yes. >> in 20 years, we've never done this, i don't think. >> wow, you look good. >> this is really good. >> amazing. >> andrew probably -- how about the news except there was a big storm this morning. >> it is a bit of a mess out there. in fact, if you're planning on traveling that massive winter storm that dumped snow in the west is now pummeling the east with a lot of wet weather this morning. as you would expect, this is reeking havoc on some thanksgiving travel plans. look out if you're on your way to work this morning, it is going to be a bit of a mess. reynolds wolf will join us from the weather channel in just a moment. you look good. >>> the dow and the s&p
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Nov 7, 2013 6:00am EST
to balance out all the orders. >> oftentimes ipos don't open at the order. >> what time did facebook open? >> facebook was way into the afternoon. the expectation is -- >> there were problems, but there's going to be a lot of people. >> right. 10:00 to 11:00 is not when. >> 10:00 to 111:00. >> it will open today. >> it will open today. >> no, he said -- when i -- i said who knows when it will open. he goes, i know when it's going to open. >> 10:00 to 11:00 is not knowing when it's going to open. >> the point is is that instead of everybody freaking out this morning when it doesn't open at 9:30 or 9:345 or 10:15 or 10:30 or 10:45 as i can imagine happening -- >> well, with an ipo, they have to put all the stuff -- my monitor, look at my monitor. >> ocd boy who can't handle things going out of walk -- >> it's like a picture on the wall. now that's too much. >> there. it's fine. for anybody who didn't know, joe has issues. if you want to get to him, leave the closet door open. >> if they've seen the show, they know. >> anyway, andrew, this is really -- i can argue a lot of different things.
CNBC
Nov 22, 2013 6:00am EST
dropped below 13. with only a little more than a month left in 2013, why don't we look at this year's returns? the dow is up more than 22% at this point. the s&p is up nearly 26%. and the nasdaq is up by nearly 31%. by the way, if those numbers aren't big enough for you, check out how far stocks have come from their march 2009 lows. the dow over that time period gaining nearly 145%, the s&p 165%, and the nasdaq nearly 213%. yeah. march 2009 lows, what a long way we've come. as you take a look at futures this morning, they're flat-lining at this point, probably unsure what to do after yesterday's big gains. as for the rates with the ten-year, at this point the ten-year is yielding 2.782%, so below 2.8%, but it's been rising and rising on the expectation that the fed is going to have to start tapering at some point, and that will eventually lead to higher interest rates. >> the obama rally's in full force. 2009. what happened in 2008? >> the election. >> yeah, that's right. here we are, baby. rich people are getting richer, though. that's the only problem. >> i know that's your new pr
CNBC
Nov 5, 2013 6:00am EST
the scene and let the merchants get back in and prepare it for reopening. we don't know yet about tomorrow. all of this, of course, coming on the cusp of the holiday season. guys. >> and after kenya and everybody was worried about the mall, the lone guy in the mall is everybody's biggest fear, obviously. and -- >> yeah. they may say they don't know how the guns got in -- >> yeah, i don't see any way of stopping it if someone wants to bring a -- you know, it's a free country. that's one of the downsides to being in the united states, i guess, is that -- >> yeah. that's -- >> down side to freedom. >> that said, joe, we talked to security officials after the kenya attack, you'll remember. and a lot of them said that the perimeter is supposed to be well out into the parking lot. but they're supposed to be looking for people who are coming in, looking for people exhibiting any signs. and, clearly, if this gun was not concealed, there will be questions about where they didn't catch it. because it's not just once you get into the doors of the mall, it's the parking lot and actually beyond that. >
CNBC
Nov 20, 2013 6:00am EST
in after hours trading. ceo marissa mayer speaking at its salesforce.com meeting last evening. >> we don't think we're treating ours as mobile first. when you look at what's happening with the mobile trend overall in our industry, it's clear that it is a -- and you can ride it through the invention. yahoo! like many companies, has to constantly reinvent itself. the scary part about reinvention is it happens with platform shift. >> there's a little bit of financial industry news for you this morning. jpmorgan holding a conference call with analysts after yesterday's announcement with that mortgage settlement with the government. jamie dimon explaining that most of the toxic numbers were inherited. >> bear stearns, did not had not happened that way, it was a house on fire. it was imploding. we did it because we had to. we never expected this to happen. >> pete williams caught up with attorney general eric holder, talked about the government settlement. >> one of the things that we worked on through this settlement was the possibility of the criminal investigation woon would not be preclude
CNBC
Nov 21, 2013 12:00pm EST
% on the 17 trillion, i don't know exactly how we're going to pay debt service. so keep it lower longer, and as ray dahlia said this morning, it's not having that much impact, unfortunately. it's a slow trickle-down from the wealth effect of higher asset prices into the real economy, and it's not helping the half of the united states that doesn't own a lot of assets. >> it's an interesting environment for people like you who may not love what the fed is doing, but the fact that it's still doing it to the magnitude it is doing it, but yet you're taking advantage of it, because the rates are so low and presents great business opportunities. >> yes, that's true. i mean, you enjoy it as an investor. you don't love it as an american. i mean, i think it's fantastic for those of us who have the opportunity to take advantage of these low interest rates, and buy asset, finance them long term, and interest rates we'll probably never see again, not likely. yes, you know, you get what you're handed. you do with what -- you take advantage of what you're handed. and this is extraordinary time period
CNBC
Nov 19, 2013 11:00pm EST
it's concerns about whether janet yellin the fed chief will be in favor of tapering or not. why don't we blame obama care and people's fears for losing healthcare insurance. the washington grinch is stealing christmas. we are beginning to hear the next government shutdown will happen on schedule and this time it will be even worse. why don't we chill the business climate down entirely? is there any wonder best buy or urban outfitters is talking about an unspeakable holiday season? then you go out to dream force, the celebration of all things related to the new economy in america of success, of innovation. you know, you don't hear anyone complaining about washington at all, other than to mention how our government is poorly run by design. it's all about payback, second raiders and people that care more about ideology and social issues than they do about the economy. the politicians may pay lip service to the job creators. they spend way more time on guns and sexual whatever. if you want to know the truth of it, i would say washington is about creating problems for business. silicon v
CNBC
Nov 4, 2013 4:00pm EST
you for joining us. what's your take on these markets here? you say you don't want to be underweight in an environment where you've got such easy money from the fed, is that right? >> absolutely. we have easy money all around the world, not only the fed but also in europe eurozone and japan. japan has been a big entrant to that. >> do valuations not counter into a decision on when to put money into equities right now? do you worry about valuations even though this market is going up on all of this easy money, as you say? >> yeah. valuations are high, particularly in small caps and in some of the consumer cyclicals. there are still areas for relative value. and i think there's still room for further margin expansion as we look sfwardforward into the future as we keep the asset bubble going. >> nathan? >> i see it that we're in a trading range. we're range-bound. most rallies start at about 11 on an p.e. and end or die around 19 or 20. when you see the 16 or 17 the hard part is that we're halfway between where we've been and where we're likely to go. and absent ne
CNBC
Nov 13, 2013 5:00pm EST
unemployment has been falling. i'm not going to say deflation. i don't see sign of inflation. but that's what i would watch. >> do you think that is -- >> we -- in the summer, just want to see what the reaction in the market is going to be. i don't think they had any intention of tapering all along and i think that proved to be somewhat correct. so, here is the real reason, if rates stay where they are, how the economy deals with that. at some point they will be tapering. if we get data that does support tapering, that's a sign that the economy is growing and i think they will taper. >> we are hearing more and more about people wanting to short the bond market. weekly treasury survey, when they survey, more and more of their clients are saying -- active clients are saying they are shorting treasuries at this point. the bond market is much more powerful. up 10%. if you look at emerging market, we have given up 10%, we're back to five year lows where the last point took you to a rally in emerging markets. i think this is a place that you nibble and trade. we talk about treasuries and risk assets.
CNBC
Nov 15, 2013 12:00pm EST
down, you'll have your chance. >> i don't know, pete, the s&p is up almost 6% over the past six weeks, and now we're on this big round number watch. >> right. >> s&p 1,800. dow 16,000, and nasdaq 4,000, keeping an eye on, as well. >> in my mind, those things will happen. you used the word inevitable, and i think you're right. it is. when you look at the markets, it's not suddenly i jumped in. we finally get the financials participating. we talked on monday about bank of america. 185,000 calls of the 230,000 total were bought for the most part bought in bank of america. they were the calls. the following day, you had some of the industrials, ge. then you even had some of the housing-related with yellen coming up with lowe's, those have moved to the upside. the housing builders are moving to the upside. people feel comfortable and have a better knowledge of where the fed is going. i look at the volatility, scott. trading near 12, near all-time lows. when you look at that, or at least multiyear lows, when you look at that, it's a great opportunity for those that want to be in the market
CNBC
Nov 22, 2013 7:00pm EST
like him. i don't know. i fear the death of the medical profession. let's ask our guest. here now is dr. bill grace, also with us tonight, democratic strategist chris cofinas, heather and jim pethokoukis from the american enterprise institute. bill grace, let me start with you. are they just pricing doctors out? is this a deliberate strategy? 20 bucks a visit or -- that's crazy, absolutely crazy. >> they thought they had everything worked out on the front end of this whole deal. and you know what a disaster these turned out to be. i don't think they had any idea what they were going to do on the back end. but no one thought we were going to get more money from this. we were all thinking this was going to be -- if you remember two months ago, i said this was medicaid plus. slightly better reimbursement than medicaid. >> there's a long-term trend here. both for medicare and medicaid, to keep slicing an slicing and slicing down. hospital reimbursements, doctor reimbursements. this is part of that trend. why? why won't they reward doctors? >> basically they compare the price of physicians i
CNBC
Nov 27, 2013 5:00pm EST
. your favorite phrase. >> however, september high was 703-ish. so guess what? 546 effectively is? don't get crazier here. for a long time apple will be a second half story. at the end of june, that's when it bottomed out. let's see how it performs. >> i want to see the broker's take on apple. >> exactly. what his technical fake was. this is what he wrote to us. apple despite a 385 at five months is now just ignored. judged to be beneath despicable, but just gory. the stock has of this week has regained the 545 level. get yourself some apple pie. >> the guy can turn a phrase. that is fantastic. >> with we flagged this break out in realtime yesterday. here's the thing. it's always been a good buy valuation wise but valuation is not a catalyst. what you needed was something to wake people up and it's happening seasonally at the perfect time. this is a great christmas stock and they should blow it out this year. the break of 5:30 was really your trig ir. now where is it going? who knows. just give it the same benefit. that's a $600 stock. it's the equivalent of buying a stock at 54. >> th
CNBC
Nov 7, 2013 11:00pm EST
, but you don't follow my rules. after spending the last few weeks yapping about the relative valuation, predicting a few weeks ago it would be $20 billion, i was being viewed, by the way, as crazy to ponder such a high price, i can safely say that everyone who bought it today has officially as they say in law school, come to the nuisance. you know you overpaid and you didn't care. that means caveat emptor. you've been warned and it didn't bother you one bit. as i said at the opening, there is free will. you have every right to overpay for a stock. believe me, if you bought it today, plain and simple, you overpaid. second, unlike the disaster that was facebook, the system totally worked here. it took an hour and a half for the new york stock exchange to open the stock. the stare of nyse euronext was overseeing the process. the goldman sachs banker behind the deal, a seasoned pro was there to make sure it went off without a hitch. it did. unlike facebook, the buyers and sellers met in an orderly way. everyone who wanted stock got in. i like that. i don't like deals where only a sliver of
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